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SNYDER OIL DECLARES FIRST PREFERRED DIVIDEND

 SNYDER OIL DECLARES FIRST PREFERRED DIVIDEND
 FORT WORTH, Texas, Dec. 5 /PRNewswire/ -- Snyder Oil Corporation


(NYSE: SNY) ("SOCO") today declared a fourth quarter 1991 dividend to holders of its convertible exchangeable preferred stock at the rate of $.38 per share. The prorated dividend on the preferred issue is payable Dec. 31, 1991 to stockholders of record on Dec. 16, 1991.
 SOCO is an independent oil corporation engaged in the production, development, acquisition and exploration of domestic oil and gas properties and in natural gas processing and transportation. The company's common stock and convertible exchangeable preferred stock are traded on the New York Stock Exchange under the symbol "SNY" and "SNY Pr," respectively.
 -0- 12/5/91
 /CONTACT: Patti J. Irwin, vice president of Snyder Oil Corporation, 817-882-5902/
 (SNY) CO: Snyder Oil Corporation ST: Texas IN: OIL SU: DIV


DD -- NE010 -- 9874 12/05/91 17:23 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:147
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